The Real Deal New York

The Real Deal’s Numbers to Know

February 21, 2013 01:30PM
By Hayley Kaplan

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“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Luxury sales continue to soar, low-income New Yorkers receive a gift from the city and new-home construction sees a spike. See this week’s countdown after the jump.

$76 billion

The shortfall in federal transportation funds projected over the next six years; the taxpayer dollars are used to repair or replace the country’s aging bridges, highways and other infrastructure [Associated General Contractors of America]

$60 million

The cost of a New York initiative that supports housing counselors and legal services to homeworkers at risk of foreclosure statewide [Attorney General Eric Schneiderman's office]

$296,793

The average sales price of a home in New York state last month, a 4.4 percent increase from January 2012 [New York State Association of Realtors]

950,000

The number of permits issued for new home construction nationwide last month, a 1.8 percent increase from January 2012 [National Association of Home Builders]

6,239

The number of low-income New Yorkers who will receive amended 2009 federal, city and state tax returns because they were eligible for a tax credit but did not apply for it [New York Department of Finance]

114

Properties listed at more than $4 million each that are under contract in Manhattan; the total so far this year is $850 million [Olshan Luxury Report]

74.9

The percentage of homes nationwide sold between October and December to families earning the U.S. median income of $65,000. [National Association of Home Builders]

56

The percentage increase in property tax collections in New York state from 2005 to 2012 [Eastern Consolidated]

48

The number of hours that contractors would be required to notify the Department of Buildings before evaluating a home, under the New York City Council’s proposed legislation to protect homeowners affected by Hurricane Sandy [New York City Council]

1.3

The percentage increase that contractors nationwide paid for construction materials last month compared to January 2012 [Associated General Contracts of America]

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